The prices in real estate in Peshawar, in the Khyber Pakhtunkhwa region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Peshawar has increased strongly during the last 6 months. In May, the average price per sq.feet was Rs. 12,663. In the following month the price per sq.feet decreased considerably to Rs. 9,574. The price for the following two months in (July, August) had a considerable increment of 214 %. The price per sq.feet has had a considerable deflation of 84 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of Rs. 17,440 to Rs. 14,580.5 during September, and October.
Based upon to the price in Peshawar (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during May, is Rs. 92.41 lakhs. During June the price went through a considerable rise reaching Rs. 1.11 crores. During the following two months (July, August) the average price had a considerable reduction of 55 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of Rs. 78.87 lakhs and Rs. 74.93 lakhs between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of Rs. 87.48 lakhs they are 76 % more affordable than the average price for Peshawar. The properties with the highest average price have 2 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 1 bedroom priced at Rs. 1.01 crores.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of Rs. 3,885 / sq.feet, with an average Rs. 8,366 / sq.feet price in Peshawar. The properties with the highest average prices have 4 bedrooms. They are 1136 % more expensive than the average followed by properties with 2 bedrooms with a price at Rs. 23,371 / sq.feet.
The graph displaying the average prices displays the property type "Residential Plot" as the most affordable one. At an cost of Rs. 87.48 lakhs it is 43 % cheaper than the average price in Peshawar. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of Rs. 73.67 lakhs it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Residential Plot" at an average cost of Rs. 2,467 / sq.feet followed by "Land" priced at Rs. 4,746 / sq.feet. "Apartment" is the most costly type of property with a Rs. 36,690 / sq.feet cost followed by "Commercial Property" with an average price of Rs. 14,796 / sq.feet.